Crypto.com CEO Kris Marszalek predicts a strong fourth quarter for digital assets if the Federal Reserve cuts interest rates at its September 17 meeting. He cites improved market conditions and increased liquidity for risk assets, with CME futures markets pricing a 90% probability of rate cuts following Fed Chair Jerome Powell's dovish Jackson Hole speech.
In a Bloomberg interview, Marszalek revealed Crypto.com generated $1.5 billion in revenue last year with $1 billion in gross profit, expecting better 2025 performance driven by lower borrowing costs and institutional adoption. Top investment banks have approached the exchange regarding a potential IPO, though it remains privately held with $300 million in profitability after reinvesting $700 million.
The exchange announced a partnership with Trump Media and Technology Group on August 26, establishing a treasury strategy for its native Cronos (CRO) token. The collaboration includes ETF development, payments infrastructure, and subscription services as part of broader Trump administration crypto initiatives. CRO surged nearly 150% to $0.38 post-announcement before retracing to $0.27.
Market optimism faces potential headwinds from excessive social sentiment around rate cuts, with Santiment warning discussion of "Fed," "rate," and "cut" hit 11-month peaks historically indicating euphoric levels preceding local market tops. Bitcoin exchange supply accumulation shows concerning signals, with holdings rising approximately 70,000 coins since early June, potentially indicating preparation for liquidation.